Hines Acquires Industrial Property In City Of Industry For $50M

The industrial property located at 16008 Amar Rd. in the City of Industry has been sold in a transaction for $50,000,000. The property spans a total of 151,339 square feet and is situated on 9.38 acres of land. The sale price per square foot amounts to $330.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $50,000,000
• Address: 16008 Amar Rd.
• Market: City of Industry
• Size: 151,339 square feet
• Price per square foot: $330

The buyer in this transaction is Hines, while the seller is Positive Investments. The deal was facilitated by brokers Roy Harel and Chadman Soladar from Nublock Partners representing the respective parties.